as we enter into the -- charles: you hate to see the trap doors. the market is flattened and all of a sudden it collapses. i'm going to leave you in good hands because here now it is dagen and connell. dagen: things are so optimistic. we're going to brighten everybody's spirits. charles: the survey has been done. the market always goes up during your hour. connell: yeah right. earnings season, good morning everybody. dagen: i'm dagen mcdowell. connell: i'm connell mcshane. there are new warnings today about hackers attacking our nation's biggest banks. dagen: the latest pew poll gives mitt romney the edge in the race for the white house. bret baier is here to talk all about it. connell: another election game changer potentially. it could come out of the middle east. nato saying it is ready to help turkey defend itself from syria. big story for oil trading. and helima croft just back from turkey with the first word on what this means. dagen: top of the hour, stocks now and every 15 minutes. nicole petallides at the new york stock exchange on why we're seeing a sell off.

nicole: we really are seeing a sell off. the dollar has accelerated here. we are seeing the markets selling off some. don't forget last week was our first winning week in three. dow jones industrials right now selling off about 1/2% ahead of earnings season which will kick off here. we are seeing banks, drugs, retailers, the transports are also lower. i'm using the major averages. of course always exceptions to the rule. talking about major indices we follow. also want to takk a look at apple which is now in correction territory from its all-time high which was set back on september 19th at a level of 705.07. that was obviously back in september. here we are almost a month later. it is pulling back some, but this on the same day that we're hearing more and more about the ipad mini. after the bell today on 4:00 p.m. show, focusing on alcoa, dow component. first to report here in kick off earnings season. back to you. dagen: thank you. connell: hackers claiming to

have ties to islamic terror groups threatening to attack websites of some of the largest financial companies in our country. dagen: adam shapiro joins us with the whole story. adam: we saw this story when there were cyberattacks against bank of america and jpmorgan chase. now this is a posting that appeared on a place where hackers tend to put what they are up to and what they intend to do. this one comes from a group that claims to be cyber fighters. they claim to be protesting and quote insulting film. you know what that's a reference to. now they are saying they are going to attack sun trust through a disruption of services denial -- denial of services. but sun trust seems to be up and running no problem. also targeting regions financial, capital one -- excuse me, capital one would be it today. sun trust wednesday. and regions financial on thursday. right now capital one no problems. you can still get to sun trust and still get to regions financial website.

and again this group is the one that claims to have been responsible for bank of america and jpmorgan chase just some time ago. we saw last week congressional committees warning that cyberattacks on the u.s. financial system remain a threat from places like iran as well as the chinese. but now it's this group claiming that they have been insulted by the film which caused so many disturbances not too long ago. back to you. connell: all right, i want to bring mike baker in on this, former cia covert operations officer also president of diligence l lc which is a global and intelligence security firm. he deals with a lot of cyberattacks and potential cyberattacks for the firms he works with. he's on the phone right now. give us a size and scope of this problem and how big a risk you any it is to the financial system. >> well, it is not just the financial system. it is really any u.s. company that is operating out there on a

network. it's our government infrastructure, our public infrastructure, water, the electricity grid. the grid is a massive concern right now. this issue, this cybersecurity, cyber hacking, theft of information, interference with our systems, it doesn't get the sort of coverage that it needs to get. it's still as a threat to the u.s. national security interests. it's still kind of lurking there in the shadows because of course we've been focused on the war on terror, on iran, on syria, you know, the arab spring, and so it does not get the coverage. i'm very glad that you guys are leading with this story. connell: it also could be -- you are ight about the angle then which is what we led with today about the war on terror and the possible retaliation for this video and everything else, but adam brought up the idea -- and this has been in the news this week of our relationship with china and this company 60 minutes focused on over the weekend, and you have another company zte which the house pommittee yesterday talked

about. this is a murky area because obviously we do a lot of international business, and you want to have a relationship and we do have internationally with chinese companies, but can we with any chinese companies and to what extent is this going to be a bigger issue? would you agree with the recommendations made by the committee, they see these companies as a security threat. >> look, there's no doubt. there's no doubt that you can have an economic miracle if you're willing to steal everything. connell: right. >> and the chinese authorities, the state authorities made a decision a long time ago that they would jump-start their efforts by getting their hands on as much research and development as much intellectual property as possible. there's no mystery, no surprise that china is number one perpetrator of economic espionage, theft of information, intellectual and research and development and if the general public understood to what degree the chinese with aggressiveness

attack our system and go after information, not just ours, our allies, they wouldn't sleep at night. connell: next time you are in town, we will have you in studio, we will talk about it. mike thanks a lot. >> sure thank you. connell: mike baker. dagen: as the situation between turkey and syria continues to escalate, nato is saying it is ready to step up and defend alliance member turkey. connell: our next guest is just back from a trip to turkey, says the investment community is waiting for the united states to act. helima croft is with us, senior geopolitical strategist from barclays. what does that mean? they think the u.s. is going to come in? >> they were asking when the united states is going to come in. they said the security situation is deteriorating. increasing attacks on turkish soldiers coming from syria. they are wondering when the united states do what it did in libya really provide strong support for the rebels. i was sort of alarming them when i said i don't think the united states is going to come in any

time soon so really turkey is on its own. dagen: tell us, helima, what's at stake here. syria doesn't produce much oil at all, and then turkey, but then you have to factor in iraq, the critical nature of the production out of iraq to offset what we've lost -- the world has lost rather coming out of iran. >> nowhere else can we add so much oil to the market from conventional supply as iraq. the report that just came out today talking about iraq going to 6 million barrels a day by 2020. no other country can put an additional 3 million barrels on the market like iraq could. and so if iraq -- the security situation were to deteriorate because of events in syria, that could have significant implications for the production profile. it is countries like jordan, lebanon. syria is at the heart of the middle east. if this thing drags on, it could be ugly for a number of nations. connell: it seems to get worse by the day but by the week it escalates. in other words i thought it was

interesting to hear you say right at the top that the people over there are assuming or wondering whether the united states is going to get involved. that seems to be a step further than we've thought about it here. we're all kind of assuming we won't get involved. and maybe we should be thinking about it differently, i don't know. >> absolutely. when i was in turkey, they assumed the government would not be so forward leaning if the united states and the rest of nato would have their back. the obama administration has given no signal that he's even willing to do more. even romney has talked about providing more support for the rebels but it is not really clear. no one is talking about active intervention on the side of syrian rebels. dagen: is there in reason to believe that president obama would do something while we're trying to get out of afghanistan, do something with syria? >> no, the only thing i would watch for is they do transfer the chemical weapons to hezbollah. i think that's a significant red line. if the assad forces were to do that, i think that would precipitate much bigger crisis and draw from the united states. barring that or major attack on

turkey, i think we're in a gruesome ugly stalemate. dagen: for how long? >> it could drag on for a year, two years, yes. connell: we mentioned at the top the impact on the presidential election here in the united states would be. you think it will be kind of status quo through november and beyond. >> i think so. again, providing the rebels with things like shoulder fire missiles that could take down the government's helicopter gunships, that would be potentially a game changer, but barring that, if we don't up the supply to the rebels they have enough to stay in the game but not enough to do a big kill on the assad government. dagen: what about the overall picture for oil production in the middle east? i mean you mentioned the outlook for iraq. but are we in this area where you think we'll be at $90 a barrel for months and months, maybe even years? >> you know, we look at next year and we say, you know, we have 125 for our call for brent for next year. now, that's based on the fact that again we see the supply side remaining constrained. when we look at iraq becoming

the second largest producer in opec, that also worries us because 365 people were killed in the month of september. that was the second -- that was the highest monthly death toll in two years. the security situation is very fragile. it hasn't affected the oil side yet. but if it does, you could really see companies pull back from production. that could have a big impact on the market. connell: helima always good to see you. >> thank you. dagen: we know how time constrained you are. to get you in here is a pleasure always. >> thank you. dagen: mitt romney meantime getting the salute over president obama in a poll of active duty servicemembers. according to the military timess poll, 66% of service men and women are going to cast their votes for romney to just 26% for the president. however, the president's numbers are are actually up from four years ago. back in 08, when president obama ran against senator john mccain, only 23% of servicemembers surveyed said they were going to vote for our current president. connell: from the military to

the wall streeters and where they are placing their bets, charlie gasparino has done a lot of reports on this the last few months. now new information coming out about goldman sachs, a big obama supporter in 2008, sending its money this time around -- this time around in big fashion to mitt romney. dagen: the latest on the record high gas prices out in california. they are mad. do we care? yes we do care. speaking of gasoline and oil, here's where oil is trading today, 90 bucks.

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levels, you know, 645 to 50 which it broke down below that. and this area 620 to 25 is the next area of support. so sometimes what becomes resistanne then becomes support or the other way around. in this case, we're seeing a 10% correction from its all-time highs, closing high on september 19th. intraday high on the 21st where it was at 705.07. let's take a look also at both research in motion and apple. research in motion is actually spending more on research and development than apple actually is. so as we're waiting eagerly to hear more about the possible ipad mini from apple, you know, you better keep an eye on research in motion as well. because when it comes to spending, turns out they are outpacing some of the other guys. back to you. connell: good old rimm. nicole thank you very much. some other business headlines this morning, talking about gas prices all week long. in california and it may have topped out, down 2 cents after hitting a high of 4.67 a gallon. this is the gasbuddy.com

numbers. yesterday as we told you, the governor jerry brown ordered the state to move to the cheaper winter blend earlier than normal. so 4.65, that's where we are right now. with all the unemployment talk out there, one group whose participation in the labor force is ramping up, the old folks, employment for those 65 and older up, 21% last month from september of 08. this is from real-time economics. it comes as the overall labor force was down over 1% last month. and the big question today, who is the fastest when it comes to getting your fast-food order ready? we may have given it away with the video. yeah, wendy's. according to quick service restaurants magazine's annual drive-through performance study wendy's averaging just under 130 seconds to get your order ready compared to burger king's last place average of over 200 seconds per order. like to be the people that had the responsibility for putting that together. dagen: where could you get fat quicker? connell: that's exactly what it

comes down to. dagen: after putting its money with obama in 08, goldman sachs' executives and employees now betting on mr. romney in this election. it is the biggest fastest turn around in terms of money giving in the history of campaign finance tracking. fox business has been covering it for months. you will hear about it coming up. connell: and business leaders calling on the president and washington to give them the play book. they want to know how corporate america will be taxed in the new year. jobs are at stake there, which we will talk about. we will also talk about markets. here are some currencies, how they are performing today against the dollar:

>> at 22 minute past the hour, i'm patty anne brown with your fox news minute. this morning former penn state assistant football coach sandusky was sentenced to at least 30 years in prison. the sentence against the 68-year-old who was convicted of sexually abusing a series of young boys ensures he will spend the rest of his life in prison. israel's military has deployed a missile defense system near the border with lebanon. just days after it shot down an

unmanned aircraft that flew over its airspace. that drone is widely believed to have come from lebanon. the country's militant group hezbollah has deployed similar aircraft in the past. and coca-cola, pepsi and dr. pepper are set to roll out new vending machines that will list the calorie counts of their sodas. it comes ahead of a regulation that will require the machines and restaurant chains to post the information for the public as early as next year. those are your news headlines on the fox business network. i'm patti ann brown, dagen back to you. dagen: thank you. front page of the "wall street journal," employees and executives at goldman sachs have turned on president obama and gone all in for mitt romney. a story our charlie gasparino reported months ago. the journal said that goldman employees donated more than a million dollars to the president's campaign back in 08. this year that amount is down to $136,000. meantime, the romney camp has received $900,000 from goldman employees, plus another 900,000

going to romney's super pack. if you are looking for some stock market perspective, here's how goldman sachs has traded over the last five years. in the last four decades since congress created the campaign finance system, connell, no company's employees have ever switched sides is abruptly so says the "wall street journal." connell: that is kind of interesting to see that much of a flip. dagen: fat cat bankers getting called fat cat bankers by the president and no input on dodd frank. connell: absolutely, people are upset and they let their money do the talks i guess. -- do the talking i guess. there are a bunch of business leaders in d.c. today and they are talking about the many roadblocks as they see it to getting our economy back on track. dagen: peter barnes is in d.c. with a whole lot more. hey peter. peter: hey guys a football metaphor from the quarterback of the business roundtable this morning referring to the nfl lockout of professional referees that was resolved a couple of weeks ago, he joined the heads of the u.s. chamber of commerce, the national manufacturers

association, and the national retail federation in calling on congress to reduce uncertainty in government policy to help create the confidence businesses large and small need to invest and hire. and with the clock running down, they urged congress and the white house to get moving on fixing the fiscal cliff. >> you really don't even have a tax code in the country today. this is for large business, medium sized business, mom and pop, the individual entrepreneur, what are the rules? i mean it is like we're playing with the replacement referees in the irs. peter: tom donahue of the u.s. chamber said nothing is going to happen until november 7th. first got to see who wins on november 6th he said, both the white house and congress and then policymakers will quote know what marbles they have to play with. dagen and connell? connell: all right. dagen: what year is it? like 55? talking about marbles? connell: when these ceos get

together, marbles aside, do they assume that the fiscal cliff is going to get figured out and it is just a a matter of time or do they actually for a percentage and ay they may not figure it out this time around? peter: one of them said it is 50/50. another one said it's because of politics. a lot of republicans have said they will not vote for tax increases. perhaps the strategy is allow all the bush tax cuts to expire so that next year republicans can vote for a tax cut. connell: peter barnes has all his marbles in d.c. today. thanks. dagen: not really. we love you. they're not quite all there. connell: that's not right. you should be the one to talk. dagen: that's why i said that. peter, we do love you. it says connell read. connell: i love that name, two ns and two ls. the protesters are out in greece today over all the cutbacks in the government. they don't like merkel and

everything else. we will bring you the latest from greece. dagen: back here at home, the keystone pipeline is back in the national spotlight thanks to the romney campaign. cheaper fuel, more jobs, are all in place here. take a look at today's winners on the s&p 500:

dagen: cheaper energy and more jobs, the romney ryan camp putting the keystone pipeline back in the national spotlight. we track all of our money that is going to the solar panel industry in china. and that ominous dark cloud hanging overhead, not connell,

was expected to be a lousy season for quarterly earnings. some of the names in question coming up in today's trade. connell: give you a name in question. bottom of the hour let's go back the nicole in now who is not in question at all. eli lilly? nicole: highest level since 08. we're talking about an experimental alzheimer's drug which did well for eli lilly so far in the experiment. let's take a look here, up 1/2% -- up 3 1/2%. experimental drug for alzheimer's. led to 34% reduction in memory decline for patients with mild symptoms over a period of 18 months. that's a pretty good showing. that's why we saw the stock jumping. speaking of jumping, i wanted to also take a look at some names that have hit some 52 week highs today. i know some of them have pulled back and you may see some red arrows here, but you can't deny that they today hit 52 week highs, in some cases multiyear highs and may be pulling back just a little bit, but still

some very monumental levels. back to you. dagen: thank you very much nicole. breaking news right now. europe's markets are closing. if you take a look at england, germany, and france, all three of those markets closing down, but all less than 1% losses there. with the currency market showing the euro extending its losses against the dollar, trading down to $1.29 for a euro. what overshadowed much of the trading in europe, those protests in greece connell was telling you about as germany's chancellor went to athens to pledge her support for greece. that country is preparing to pass another round of cuts in government spending, about 17 billion dollars in order to qualify for more bailout money. connell: the republican vice presidential candidate paul ryan speaking in ohio on the campaign trail about energy independence. he says what would happen on day one of a romney presidency? we will talk more about this, but first watch paul ryan. >> we will approve the keystone

pipeline and get people back to work and get that oil in this country. [applause] connell: how much does that matter? our next guest says approval of keystone means 20,000 shovel ready jobs. senior economic advisor at the american petroleum institute is joining us now. she's in d.c. with us. thanks for joining us. -- she's in d.c. right now. thanks for joining us. keystone gets done and the jobs come right after? >> absolutely. not only 20,000 shovel ready jobs. it is 700,000 barrels a day to our refiners in the gulf of mexico to begin with. that's the equivalent of nearly half of what we currently import from the persian gulf, but in terms of the jobs, the trade impact is a really big impact for the united states. for every dollar we spend on canadian goods, they spend about 89 cents in the united states. opec spends 33 cents, and that difference between the 89 and 33 cents, that's about 90,000 u.s. jobs. so it is really fantastic.

all it would require is the president's signature. it's gone through all the reviews. it's four years of review, which is more than twice the normal time period. and it's done the environmental reviews. it only requires a judgment of whether this is in the national interest or not. that's the only final thing. connell: the key point, the president's signature, you brought that up. might seem like a strange question, do you think it matters post january 20th who is that president is, it was the environmental lobby i think that prevented president obama to approve this to begin with. maybe he would approve it as well on a second term? i don't know. >> we're sure hopeful. over a year ago he said he would wait until after the election to make a decision on this, and then congress came back last wipter and said no -- came back last winter and said no, 90 more days, then came back and said there wasn't enough time and the answer was no. we're hopeful this will be seen through. it's so vital for the jobs.

it's really vital for our economic security and our energy security and the trade impact too. so i just think that this is just such an easy decision to make. that it really has to be made sooner than later, especially for those jobs. i've met some of those people waiting for those jobs, and it's really necessary. connell: you know, we had a good discussion earlier just in this hour about the middle east and the impact on oil prices of what may or may not continue to happen, syria and turkey and everything else, but when we start talking about domestic oil policy, as we are now to some extent, it just seems like -- i know keystone is new to, you know, within the last couple of years, but it seems like we have the same conversations over and over again and we don't necessarily go anywhere, no matter who is elected. we come back to it, should we drill here, offshore, everything else? and it is frustrating because do you see even if romney wins or obama is re-elected any kind of coherent energy policy in our near future?

>> i do. i have seen a shift. a slow recognition of the power of this industry to create jobs, new technological breakthroughs, allowing us to bring much more energy to the market than anybody thought possible, and this is making a fantastic difference, and we can see too during this recession, our industry added about 400,000 new jobs. you look at what's going on in north dakota, in 2005, they produced 3,000 barrels a day. they're close to 600,000 barrels a day in their production. so if we had the power of government behind this revolution that's happening in the oil and gas industry in america, we could make such a big difference. we think within a dozen years, we could be fairly self-sufficient in our oil needs between ourselves, canada, and our bio fuels, and think of the world having that much extra supply from us. think of the stability of the world's oil market that we could bring to bear having that extra

production coming from north america. so it's really critical that we have government, no matter who is elected supportive of this approach. connell: thank you very much for coming on. >> sure, thank you. connell: this is one of the areas where there is a clear difference between the candidates on energy policy and what they want to do. thank you very much for joining us. >> thank you. dagen: the host of special report, bret baier on the new poll numbers in the presidential race and who both candidates need to do right now, one month away from today. connell: those are some numbers in that pew research poll which i know you guys will talk about. then china, china's telecommunication industry has been under fire this week in washington, mentioned this with mike baker a little bit earlier. we will tell you about new charges that the chinese are dumping cheap solar panels in the u.s. markets. that's coming up. first more markets for you, treasuries 1.7% on a ten year treasury yield. we will be right back.

>> i'm lori rothman with your fox business brief. investors are bullish for royal energy after providing new operational details on the proposal plans to boost testing

and production of its alaskan oil program. now last month royal announced it would develop land adjacent to a north slope acreage. 75% of americans meantime looking for a new job whether they have one or not. according to a new survey, 61% of those surveyed did say finding a job has become more difficult the past year. facebook looking to get into e-commerce business. have 7 retailers to test a button that would allow users to create wish lists of products they would like to buy. eventually facebook would be able to collect a transaction fee for referring to a retailer site. that's the latest look at business from the fox business network giving you the power to prosper. [ male announcer ] what if you d thermal night-vision goggles,

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today china's solar panel industry is well under the hot lamps. connell: they are. rich edson on the story for us and joins us now from the latest from d.c. rich: the administration may hit chinese solar panels with major tariffs this week. congress department expected to confirm that tomorrow. the united states is stepping up its investigation claiming chinese government is heavily subsidizing green energy. also investigating chinese wind towers several other chinese imparts. -- imports. the u.s. says it wants to level the field. one attorney says we have little standing there. >> the biggest problem is the fact that we spend billions of dollars per year on taxpayer subsidies to american solar panel manufacturers. and other manufacturers of green energy. so not only do we come off looking like hypocrites, but also it exposesist exporters

to -- it exposes u.s. exporters from retaliation from the chinese government. rich: this election year democrats and republicans who focused on chinese trade practices, romney has vowed to label china a currency manipulator and strongly enforce trade policy and protect american businesses. given american subsidies on green energy, the auto industry and others some analysts say these trade accusations and tariffs only hurt u.s. consumers and american businesses trying to conduct business abroad by inviting foreign governments no impose tariffs in retaliation. back to you. connell: all right rich. we will talk more about -- more about the election in a few minutes with bret baier. thanks for that. sports headlines, after several weather delays, extreme sportsman taking off just after 1:00 p.m. eastern for a planned skydive from the earth's stratosphere. my goodness. his capsule carried by a weather balloon will leave from new mexico, takes him three hours to reach his jump point of 23

miles. this guy is a former austrian military skydiver. during the jump, he will be in free-fall for just over 5 minutes. can travel at speeds up to 700 miles-an-hour, break the sound barrier. that's crazy stuff. now the current skydive records sits at 19.5 miles. that was set all the way back believe it or not in 1960. that's some sports story. of course red bull is a sponsor. back here on earth, the orioles grounding the yankees last night so to speak, 3-2 win for baltimore evens up the series at 1 game a piece. so it's the orioles will come back here to the bronx to play game three in new york to play game three tomorrow night at yankees stadium. a-rod struck out. dagen: a real man skydiving from the earth stratosphere to a bunch of men who are worried about pulling a hamstring. connell: i don't even know what that means. okay we will take it from there.

dagen: i'm just saying you know, could be a little bit tougher, ballplayers. one month to go before the election, mitt romney has jumped out to a lead over president obama in a poll of likely voters done by pew research. the president had an 8 percentage point lead just last month. the turnaround coming after that first debate. what to make of it, bret baier will tell you. he's the host of special report on the fox news channel. he's joining us live from d.c. bret, is this kind of turnaround to be believed? is this a one-off? this does not normally happen after a debate performance. >> no, you are right dagen. good morning. it is rare, very rare to see this kind of shift in a debate, after a debate. it is very rare to see this kind of shift in one poll. this pew poll believe it or not was talked about by conservatives, by republicans as being one that they just didn't like. they were discounting at the beginning, just last month

saying boy, you know, this thing is over the top. it's just not indicative of what we're seeing out there on the ground. and now this pew poll is something that they love. this is how polls go. and what we're seeing according to the pollsters we're talking to and according to guys that we talk to every week, like karl rove and joe trippi are independents -- what you have to remember about polls is that they are snapshots in time. so you get this call, okay? and they say which party do you most identify with right now, right this second? not arr you a republican? are you a democrat? which party do you most identify right now? so if you're an independent, do you most identify with the republicans now? do you most identify with the democrats? so then you have this shifting kind of model that starts to

impact what your entire model looks like as far as democrats and republicans for each individual poll and pew came out with this poll being about plus 3 republican and these numbers are really something. dagen: not to exclude this poll, but clearly mitt romney had an advantage coming out of that debate. what is going to be the most critical thing for him this week and in the coming few weeks, bret? will it be voter turnout on the republican side? will it be ad buying? will it be the actual ads themselves which have been poor to say the least in many instances? will it be paul ryan's performance? what's the most critical thing for him? >> it's probably his own performance in the last two debates. arguably paul ryan and this vice presidential debate is not big on the scale of things. i think a lot of people will watch it because it will be interesting. they will want to see how paul ryan stacks up against joe

biden. they will want to see how biden does in reaction to what was arguably kind of a lackluster performance from president obama. will joe biden feel the onus of trying to come out of the gates really forcefully and what does that do in the persona of biden as far as a debate environment? i think this format which is the same format that you saw in the first debate will enable some back and forth and some fireworks. so that's why this debate this week is very interesting. but the town hall debate is next for the presidents -- debate for the presidential debate format in new york. and then you have the foreign policy debate. so it is really romney's debate performance and campaigning this all these battleground states. dagen: what about on the president's side? is it also the most critical thing for him, his debate performance, or are they focused on something completely different? >> well, i think they are focused on the spending and the get out the vote effort. they have an infrastructure that

they've spent a lot of money on, and you see he's still out campaigning trying to raise money because there is a machine that costs a lot of money to run, a lot of offices around the country to try to get out those voters on election day. you know, the economy while some -- you all talk about it all the time, some quarters are doing better, like housing prices, etc., there are some shaky parts of the economy that, you know, as we get closer to election day, one month from today, that's a lot of what the obama campaign is watching. dagen: very shaky in some places. bret, happy anniversary. >> thank you very much. dagen: because i follow bret on twitter as you all should. >> eight years. dagen: if you don't, congratulations, two beautiful boys and a very beautiful wife. you can watch bret every weeknight at 6:00 p.m. eastern time. bret, i don't mean to spook you out, it is like i know a little too much about you. [laughter] >> twitter does that.

dagen: we're all family here. >> twitter does that. dagen: yeah. and me dropping by your house down in d.c. connell: personality as well. dagen: i'm just kidding. bret thank you for being here. appreciate it. >> all right. connell: let's get some increased security around here. my goodness. dagen: i know where you live too. connell: you do? [laughter] connell: i didn't even know you had my phone number. there's a dark cloud that's been hanging over dagen -- no, i'm sorry, that's not what it says. this dark cloud hanging everything else for the quarterly earnings, we will talk more about earnings because it is the beginning of earnings season. did you know this? dagen: i did indeed. alcoa, big aluminium company, alcoa is in the dow. let's take a look at the nasdaq.

dagen: earnings season starts today, but already some early reports are living up to the gloomy third quarter forecast. connell: time for the trade. here's sandra smith with the latest. sandra: everybody has been asking are things going to be as bad as they have been forecast? look at the market which has been really floating higher despite all the gloomy forecasts. today not the case. right now we are near the lows of the session, down about 12 points for the s&p 500 right now. this is after we got a small batch of earnings from some of the smaller names out there that are indicating that things might be as bad as forecast.

a couple of the medical device makers in the healthcare sector, taking huge hits today. angiodynamics, down about 12% right now. it earned 5 cents in the same quarter last year. although its revenues were up and it made a big acquisition, but guys if i put the year to date chart, this is a stock that's down 26% so far this year. so it obviously showing it struggles with the -- its struggles with the slowing economy. another medical device maker, edward life sciences, its stock is up about 23% so far this year. it is taking a huge hit in today's session, down about 18% right now. it said that its third quarter sales are going to be weak. their heart valve sales in particular they said have been hurt by european us-- european austerity measures. they also said slower than expected growth in the united states hurt earnings there as well. coming up after the bell, alcoa

and yum! brands, we will have a preview, same time next hour. connell dagen back to you. connell: keep it here on markets now talking about small business with big problems. dagen: the head of the national federation of independent business with a dire warning about the business environment. coming up in moments. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement. angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draining the equity in jack's home. unfortunately, milons of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life.

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dagen: our time and is, but we're kind of glad and happy and tingly on the inside because apple stock is falling. connell: i wasn't sure where you were going with that. you kind of scare me when you do that. >> don't think we should ever be happy when our viewers are losing money. connell: i agree with you. have a great hour.

dennis: i am dennis kneale. cheryl: and i'm cheryl casone ed as apple goes, will the market go with it? the market is falling. we have an analyst standing by. dennis: beware of molotov cocktails. the protest is a sign that people of greece feel they're being sold out by european leaders. cheryl: small business, big problems. national retail federation of business is here with a dire warning. dennis: jobs, the lack of them, top issue of his presidential campaign. the ceo of dice holdings is with us and says they have looked at a number of tech jobs now available. stocks every 15 minutes, nicole petallides on the floor of the new york stock exchange where stocks are taking a dive, nicole. nicole: they really are, dennis. down more than half of 1%. the majority of those dow component coming under pressure.

all of which got some analyst calls today, not in a positive way. those are some of the names weighing. some other names on the dow, nasdaq composite i down 1.5%. i heard at the top when you talk about apple and the market, the answer is absolutely yes, it certainly is heavily weighted in the nasdaq and the s&p 500 on those two indices obviously more so. if you look at apple, the chart, off of the highs we saw in september. and here it is today, a 10% correction territory. saying a lot of the news of the ipad coming. cheryl: nicole telling us stocks are at a correction level. scott, welcome. closing high in september,

should we be concerned of the 10% number on apple stock? >> i would not be concerned on the 10% number. this is a fine opportunity for apple, i still see a strong product lineup, i think the iphone 5 if anything has been more supplied problems than demand problems. i still see shares over a longer term. cheryl: let's talk about the reason for the selloff did they have some big product launch is expected the rest of the year. do you think apple has peeked at this point? >> no, their price target $885, i think there is still upside to that. there have been some supply problems, talk about the factory issues in china, the technology on the surprise comeback supply side. still did not stop the

iphone 5 from 25% better sales in the opening weekend than the iphone fo 4s. cheryl: apple is a market leader in every major industry. one of the issues will be portfolio effect from apple decline. would you tell the average retail investor that has a big position in apple on a broader specter? >> again i would look at the fundamentals, the product lineup for the iphone 5, the ipad release, apple tv, they're launching in many more countries with the iphone 5. if you look at fundamentals, the stock down over 10 times we pick up the cash. you don't see many attractive attractive buys as apple. i'm always surprised for people

who don't hold apple stock and may want to add it. it is widely held, yes. cheryl: there you go, scott sutherland. thank you for joining us. appreciate it. >> thank you. dennis: small business optimism dropped again for the fourth time in five months. joining us now, dan danner, co o of the national federation of independent business. thank you for being with us, dan. a pretty bad report and what bothers me is 82% of the time the s&p 500 goes in lockstep with small-business confidence. what is bothering these guys? >> they are not confident, this is the second lowest reading of the year for optimism in small business. sales are down, relations going forward, and all this uncertainty on the sideline.

dennis: this is a remarkable figure. the number one reason they cite his regulations and rules getting in the way of their business, 21%. and it is doubled since obama took office, right? >> no question. in terms of trying to invest, they look at the uncertainty out there now, and they are not going to risk their hard earned money in this type of economy. dennis: yet these are the guys, small-business entrepreneurs, if these guys aren't hopeful, how could some guy in a fortune 500 company be helpful? you have said since june '09 we have been below the 93 level in confidence 32 times. in the previous 23 years they'd only been below that level far fewer times like 26 times or something. what can be done to improve the confidence of the entrepreneur? >> we have to have some kind of confidence. we need o have some feeling the

government regulators are going to get off their backs, otherwise they will not come off the sidelines. why would you risk money now when you have no idea what your return is going to be? dennis: only 2% of respondents said they have a hard time with credit, so this is a lack of hunger to grow. what can be done short of the election? only 7% of small-business people say now is a good time to expand. i thought you were supposed to expand in a downturn. >> many say will reduce employees before i add employees. until we see a different government driven atmosphere, i don't think they will invest any time soon. dennis: november election cannot come soon enough to matter who wins. appreciate it. >> thank you for having me. cheryl: tensions rising. protesters out in force as german chancellor angela merkel

meets with the prime minister. you say both angela merkel are selling out their people, why do you say that? >> we are witnessing in the streets of athens a struggle between the people and democracy against treasury and tyranny. the leaders of european countries, most of the big players like britain and germany, people have never been consulted, yet the companies are over powered by the european. redistributing the wealth of the citizens in return to political power over 550 million people. the people were never consulted, they don't like it. when the europeans came back with that fantastic comeback they did not wear the flag, every player wore their national

flag. it just shows even in the ryder cup where they are mandated to wear the euro flag they wore their national flag. cheryl: the difference is, this is what you are saying, the people of athens in the streets that are angry because they are jobless, hopeless and turning their children in to the government, at this point they are saying get us out. angela merkel says we will keep grease the european union because they will say it will be chaos. aren't we seeing chaos enough in greece? >> seeing demonstrations, wait until you see revolution, that will be the real chaos. the people gradually waking up into how they would be totally hoodwinked into paying for the less rich countries and the less rich countries are now in a straitjacket. angela merkel is demanding

austerity from a country already in depression, so there will be abject poverty increase. the greeks have had problems like this, but meanwhile of course her own citizens are objecting to paying the money in the first place. and so she is caught in the middle, but they are absolutely determined to redistribute wealth from the wealthy countries and give it to other people in return for political power, which will effectively tyranny. total central control, no democracy, give it no power. cheryl: i think it is interesting what you are saying about the german perspective. we will work every day paying taxes, building an economy, where we bailing out people who do not want to work? speak of the second best player have never been consulted or given the chance to vote

democratically for the european union, the leaders treacherously put them in the country is out to european foreign nation and the same with britain. even still denying although he promised a guarantee at the last election that he would give the people of britain a referendum, he is still denying it occurred. cheryl: is a class of the euro zone will have detrimental effects to the united states. how so? >> europe is the single largest in the world. a collapse of the euro would be catastrophic for the world currency markets. people would flood into the dollar sending it to skyrocketing high, very bad for exporters and into gold and silver, precious metals because it would threaten the whole money system and that is why they are fighting so desperately

regardless of how much they inflict upon the people in europe and you are seeing people try to break away. they're trying to get independents of what they fear, the sinking ship. cheryl: your insight is fascinating. thank you. >> democracy is breaking through. cheryl: john, thank you very much. john browne. dennis: with all the unemployment talk out there, one group participation in the labor force is ramping up. in plymouth for those ages 65 and older up in the past four years according to real-time economics, many of those workers forced to stay in the labor market because of dwindling 401(k). cheryl: 65 is not that old, right? dennis: and getting younger every time.

ceo of dice holdings whose website has a near record number of tech jobs right now. cheryl: plus former penn state coach jerry sandusky might be working again, but it will be in prison. we will tell you about the tough sentence the judge handed him today. but first, take a look at oil, higher once again part of this is concerned about iran and israel and the situation with syria and turkey.

nicole: i'm nicole petallides live on the floor of the new york stock exchange where we have stocks checking our market every 15 minutes, and we're taking a look at a hot deal in the hardware sector looking both at black and decker. this is a big deal. spectrum getting a big boost, 12% now, actually hit a new high, the highest since the company emerged from bankruptcy back in 2009, and so it seems to be welcomed by investors. black and decker not too far off the all-time highs rolling back a little bit. major market averages under pressure. back to you.

cheryl: nicole, thank you. oil and gasoline futures are actually on the rise today. a fox business contributor standing by at the cme. i thought it was a little bit middle eastern, but is it something else going on? >> obvious in the middle east and syria have been the main reason the futures are popping up but if you are in california, that was beginning to end when governor brown released the regulations for the summertime blend. just when things are getting better, they get worse. basically have this shutting down the gasoline unit because of a pipeline leak. absolutely incredible. they kept their gasoline unit up longer than they normally would, going into maintenance. and it off because of the problems of the other refineries.

they will have to shut that down, so all of a sudden gas prices falling dramatically yesterday are shooting back up, one bad luck thing after another in california. cheryl: so basically you in the least seen a slight fraction of a drop, you think it is going to get worse before it gets better? worse is a nationwide story? >> if we did not have this pipeline issue, you would have seen a dramatic drop in california gasoline prices pretty quickly. the cash market dropped dramatically. it seemed like things were getting better, but not now. prices going back up. cheryl: thank you. >> thank you. dennis: sentencing day for jerry sandusky. and the judge was tough on him.

cheryl: alcoa could have spoiled the three-year positive run for s&p earnings. talking about europe, the euro versus the dollar the biggest thing to watch today, the euro is down. [ male announcer ] how do you help doctors turn billion of bytes of shared information... ♪ into a fifth anniversary of remission? whatever your business challenge, dell has the technology and services to help you solve it.

>> 22 minutes past the hour, this is your fox news minutes. jerry sandusky was sentenced 30 to 60 years in prison. the former penn state assistant football coach will spend the rest of his life in prison. sandusky was conducted on 45 pounds of sex abuse. those who may have received steroid shots contaminated with fungal meningitis is climbing. as many as 13,000 people may have received the shot but it is not known how many are in danger. after weather delays, extreme sports skydive will take off from the earth's stratosphere.

he will attend his jump from 23 miles up and will be in freefall for over five minutes at speeds reaching the sound barrier. that is your fox news minutes, back to you. cheryl: thank you very much. when it comes to look at the health of the economy coming they want to forget jobs and take a look at earnings. the third quarte third-quarter s off this afternoon with alcoa. predicting the entire s&p 500 will end the quarter down 2.7% for the first loss in 11 straight quarters taking us all the way back to 2009. senior earnings analyst joining us now from austin. why are we so bearish about these numbers? we expected them to be not so great, but why the huge drop and wire expectations looking like this? >> we assume are the most negative announcements in recent quarters as well. 103 companies in the index, and

of that number, 80% have given negative guidance or guidance below expectations. this is part o per the recent mn the expected growth rates go from 2% down to a decline of 2.7% today. the first year-over-year declines since 2009. cheryl: the first time you look at several big-name companies, let's focus on alcoa. looking at alcoa right now, the stock is higher. but he did the analyst community is already gearing up for the lowered expectations? all is well in the world again? >> that is what we typically see if you look at the law of averages, the numbers come down and they beat the expectations. that is not always the case. in terms of sales expectations only 40% of the companies beat

their sales estimates, yet the market went higher. while we typically see companies beat expectations, it is not always the case. really the mark is probably now even focus more on the expectations for the fourth quarter were analysts expecting a rebound going from 3% decline to an expectation of 10% growth. cheryl: let's talk about some of the sectors you are watching and analyze. let's look at the financial sector first and foremost, a heck of a year for the financial sector overall, do you think at least there is some earnings upside on the financial sector? >> to look at the financial sector expected to be the best sector overall year-over-year growth, 10% growth overall, look at the companies reporting later this week, jpmorgan chase, wells fargo both expected 20% growth. within the financial sector we are seeing strength in some of

the regional banks as well. cheryl: the materials sector down 21%, second lowest revenue for all 10 sectors, so you're very concerned about materials, is that an economic story in your opinion? >> it is a commodity story, a global story, slower economic growth in china and that is having an impact on commodities. the candy industries exppct the lowest year-over-year growth, aluminum getting more news, the steel industry and diversified metals and mining. those three industries expect lower growth attributed to slower global growth overall. cheryl: thank you very much, we will be watching the numbers, obviously, here on fox business. thank you. >> thank you. dennis: the imf warns of approaching fiscal cliff could lead to global recession unless it is fixed quickly.

cheryl: and technology is where the jobs are. why so many of them are going unfilled. take a look at some of the s&p winners and also i a few losers for you. kicking up earnings tonight with alcoa "after the bell." here are some names to watch.

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september. it is interesting today with apple is it traded as low as 623. we talked the fact some traders talking about that area being a buying point. now $10 higher than it was earlier today. there's a talk of course of the ipad mini as they have seen some production underway. look at the major market averages. the nasdaq down 1.4%, s&p 500 down three quarters of 1%. apple is a factor in both of those indices and dow jones industrials down one half of 1%. back to you. cheryl: thank you. he imf warning notices must watch going over the financial cliff or risk dangers worldwide. investment chairman and chief investment officer joins us now. there were two things that have to happen, europe has to

stabilize, but if it has to avoid taxmaggedon. is that going to happen? >> i think they will avoid taxmaggedon. i don't think the slowdown will be avoided. taxmaggedon will be avoided because politicians do not want to be on their watch responsible for the fiscal cliff truly taken the country into recession. to use the football analogy, we think they will punt, extended for another year. cheryl: very well said. the election, a lot of the traders we have on the show have not been afraid to make any moves until they get a firm answer. iis that what you are thinking s well? >> i agree. i think you have to be positioned for what you think is the most likely scenario. regardless of which candidate wins the presidency, we're going to have an ugly, nasty debate from november through the end of the year about the fiscal cliff

so the election is very important but more important will be what they do in november, december. cheryl: and are looking for stocks cheap on the site now? waiting until the end of the year to make clear decisions? what are you telling people? >> you have to be very prudent right now. there are times he want you wana risk taker, this is not that time. you need to be prudent, you need to be wise. when looking for good dividends, good yields to get paid while we wait. we want to participate in the upside if the upside comes, it could come if everything falls into place but more importantly is the downside occurs we don't want to be overly exposed to that, we want to be more offensive. they want to get paid while we wait.

cheryl: you have to take some risks, the five-year anniversary of 1655 on the s&p 500. we still have a 44 of those stocks returning 100% on a percentage basis. even if it is picking and choosing stocks we want to own. >> anytime you buy stocks, you have risk. you have to be exposed and as an example of the market goes up 25, i'm a 15 to 20, i will be really happy with that. if the market goes down, i would much rather be down 10. names that will give us some defensive characteristics, still making money if everything turns up just happy. cheryl: christopher, thank you very much. >> thank you. dennis: with jobs, the lack of

them, the top issue this in this presidential campaign, ceo of dice holdings with a record number of tech jobs available now. cheryl: and it still cost a lot to fill up your tank in california, but getting a little bit better. those numbers for you on the west coast minute. but first, the 10-year treasury.

>> i'm tracy byrnes with your fox business brief. reporting a story our very own charlie gasparino brought us months ago. employees and executives at goldman sachs are going all in for mitt romney. employees donated more than $1 million to president campaign in 2008, this year it is down $136,000. meanwhile the romney camp received a $900,000 from goldman employees with another 900,000 going to be super-pac. human resources software maker boosting the estimated price range for the ipo expecting shares to catch as much as $26 each. likely the largest tech option since facebook went public in may. and concerns over the global economy are once again weighing on the market here at home and the u.s. that is the latest from the

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cheryl: do you ever wish you could press a button and be running on a beach? now you can. life fitness unveiling the newest technology getting exercise a virtual experience during the workout. jeff flock live in illinois with details. >> if indeed he ha you have spey time in the gym working out, you know life fitness. would love to show you things you've never seen before, and that is what we are doing right now. unveiling, what are we unveiling? >> this is the first computer on a piece of cardiovascular equipment in history. speak of this is a computer he here. we have had tv screens and other information displayed but this is a computer. this enables us to take a run somewhere in the world and be in the world. >> you are there, ambient

noises, the elevation changes on the treadmill, as you increase your speed the frame rate increases so you are in the environment you have chosen and it is interactive, taking you to the place you want to be. >> this is huge for folks at brunswick as well. crank it up so we can see the course. look at the brunswick stock, they have done tremendously well in the past year up 50% year-to-date and have done real well in terms of competitors, folks, this is a big division for you, this kind of innovation that really drives. >> innovation comes in waves, in this case their exercise lives. things they expect, so connectivity, the ability to get on the internet, social media, facebook, twitter, connect their devices.

dennis: i will leave you with a picture. next hour we will crank it up and take a really fast run, maybe even i will get on the treadmill, cheryl. you're in australia, that is australia, isn't that incredible? cheryl: i'm sure the girls will want to see the beach next hour on "markets now." dennis: and lots of effort to hide the horrible truth that you are exercising. plenty of fun filled tech jobs. latest example, general motors putting out the help wanted signs for 1500 new high-tech workers, and that is the gm. join by scott, ceo of dice holdings. let's talk about the tech jobs, how fast will the company be able to fill it and how fast should they be able to fill it? >> they're trying to fill it over time, but it could be a

little bit difficult for them to fill those jobs instantly because there is a lot of demand especially for developers. dennis: mobility of the workforce has gone down and people are not willing to take jobs anywhere else. >> we have seen voluntary takeover, people looking to get their next job has slowed down tremendously and part of the reason behind it is a numbe numf people are under water in their homes and cannot make that move even though they would like to make that move. dennis: some of the categories, did we not see any drop off in the entire horrible meltdown? has text and adding jobs this entire time? >> in the case of our site, 86,000 jobs they are today in the united states, that is up about 90% from the bottom. the end of 2009. dennis: among the tech jobs, you have 14,000 listings software

development, tell me what python and arubi are. >> these are open source. dennis: i saw figures today 3.7 million open jobs when we have 12 million unemployed. why don't you move over there and take them, what is that gap and how do you fix them? >> we have a mismatch in jobs right now, the way to fix that is to have people guess the ability for people to move. so we have areas of the country that have the talent that just can't coach where the demand is, but we need the training, community colleges can be a big help to us in that area. dennis: i've heard people talk for a decade, isn't it something better done by private companies that need to fill jobs rather than government who has no idea what to train them in?

>> is a model very popular in germany and some cases in the u.s., private companies can do a terrific job teaming up with the community colleges because at the end of the day people going to these programs now they have a job waiting for them. dennis: should government be doing more to grant tax breaks so when a train new people can employ them? >> think it is a terrific idea. if you give them the extra incentive they will make that move. dennis: thank you very much for being with us. appreciate it. cheryl: it is a quarter until, stocks every 15 minutes, nicole, green mountain has a deal, what is it? nicole: relook a partnership between green mountain coffee roasters and dr pepper snapple. why? that is because they are working together to make an all-new

k-cup that'll be iced tea. i don't know if you realize this, but over 200 types of k-cup, this is one more new one. analysts say this really shows green mountain coffee roasters have the ability to team up with the best in the business which in this case apple iced tea. the thing is green mountain coffee roasters promoting this, they say they have already factored that into their guidance. obviously green mountain coffee roasters stock has been under pressure and cut in half so far this year. earnings due in about a month. cheryl: nicole, thank you very much. time for your west coast minute. gas prices down $0.02 after hitting a high of $4.67 per gallon according to gas buddy.com. jerry brown ordered the state to move to a winter blend sooner than normal. city of oakland getting ready to

unveil a new foreclosure prevention plan aiming to assist those threatened with or in foreclosure to stay in their homes. initiative offering counseling, legal advice and outreach to banks. and it looks like hawaiian real estate prices are finally turning around. i let state fits in the nation with 8% year-over-year gain. according to the honolulu board of realtors: median sales price is up substantially for homes rising 1% per condo. average home price, $625,000. and that is your west coast minute. dennis: the guys who rise up, those are the ones who fell the hardest. but they keep on doing things and governments to raise the cost of doing business. gas is most expensive in the country because they have the most stringent regulations on emissions and constantly hammering business with well intended restrictions that raise costs for the consumers they are trying to protect. cheryl: they're trying to keep

the air clean, a valiant cause, but at the same time you can't do that in an economy like this one. maybe in another 10 years. dennis: spending $90 billion on green energy projects. on the other coast, telling you about "new york times" reporter's whining about low pay raises while other newspapers are firing employees. cheryl: take a look at the winners over on the nasdaq. earnings season tonight people kicking off.

dennis: you have to be one of the most fickle requests in decades and also one of the most outward. several hundred employees walked off the job yesterday at "new york times." they had worked without a contract for 18 months. an industry that is withering by the day. the union in denial wanted increase but the walkout was more of a walk around the block lasting only 10 minutes, still kind of awkward for management because it is one of the most pro-union papers in the country. we see the unions not getting it realize we better buckle down our business, our company is in trouble.

cheryl: as a former print journalist, your heart is in that story. dennis: yes, it is. i do not like unionists, they're anti-sympathetic of the hard work. cheryl: somebody who works really hard is sandra smith with "the trade" today. alcoa rolling out after the bell as you heard could be a rocky road for the entire s&p 500. sandra: it could be. investor optimism is waning as we head into the closing bell getting alcoa numbers as well as the own brand. the dow near the lowest numbers of the session. the dow 30, alcoa is one of the bright spots. second best performer in the dow theory right now ahead of those results. that being said, alcoa shares if you look at a year-to-date chart, they're up about 6% this year, but underperforming the broader market in a big way. lots of volatility in these

shares. but the argument from a lot of analysts is this is a very overpriced stock with a pe of 157 right now. the reason it is considered bellwethers because it has a far global reach, aluminum products going to everything from automobiles to home appliances. this will give us a good look at the global economy after the bell tonight. they're expected to break even for the quarter. and then yum! brand, this one might actually steal the spotlight after the bell. it is underperforming the broader market, but yum! brand, think kfc, taco bell, pizza hut, a very large presence in china and we have seen a lot of slowing reports about the economy in china. that may be reflected in yum brand results tonight. the stock is lower heading into those results. the trade is a buy.

while the results are not supposed to be great, we expect some buyers coming in to meet expectations or better than expectations. cheryl: at least get something positive. sandra: we will see. dennis: yum brand always gets a premium because it is such a great doc symbol. speaking of fast foods, who is the fastest serving up your fast food order? sorry burger king but according to the quick service restaurant magazine annual ratings of drive through performance, the fastest fast food chain is wendy's. under 130 seconds compared to burger king last-place ranking over 200 seconds per order which is still pretty fast. cheryl: it has to be a little regional, there might be some wendy's in new york city that are a little slow. just saying. i think i just lost my invitation to wendy's. shares of apple off big time

from the all-time high set last month, but for a company only as good as its next big thing, investors are looking ahead to what will be next for apple. cheryl: melissa and lori obi speaking about the next gadget. 

dennis: we have our colleagues coming up, but i'm interested to see apple 10% drop from the recent high giving people a buying opportunity. cheryl: we had a guest on the last hour of "markets now" saying this is a buying opportunity because the stock will head back higher. maybe some money flowing into technology stocks or expanding, latte cover in the next hour. lori: accompanies spending, if